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As a self-employed individual, you’ve chosen the path of entrepreneurship – a rewarding journey filled with challenges and uncertainties.
A Guide to Self-Employed Life Insurance.
Being self-employed, you’ve chosen a rewarding journey filled with challenges and uncertainties. While the freedom to be your own boss brings immense satisfaction, it also comes with risks that can threaten your financial security. Illnesses, accidents, or other unforeseen circumstances can jeopardise your ability to work and leave you and your loved ones vulnerable and without a steady income. That’s why income protection and life insurance are important considerations when you are self-employed.
At The Insurance Surgery, we proudly offer access to life insurance and income protection solutions for self-employed individuals. Due to 25 years as a specialist broker, we’re experts at helping self-employed individuals with non-standard applications, such as those living with medical conditions or working in dangerous occupations.
Self-Employed Life Insurance & Income Protection.
Life Insurance
Life insurance is a financial tool that will pay a lump sum upon the policyholder’s death or if given 12 or fewer months to live. Life insurance will generally need to be organised by the self-employed individual as they will not receive a ‘death in service’ benefit from work. Life cover allows beneficiaries to live as ‘normal’ by providing financial support to maintain their quality of life, cover expenses such as a mortgage, and navigate the challenges that come with the absence of losing a loved one.
Income Protection
Income protection will pay a monthly benefit to the amount agreed in the policy terms. The monthly benefit will act as a wage replacement if off work due to illness or injury. Self-employed individuals can even claim if they are off with the flu! There is also no limit to the amount of times you can claim.
Some individuals may have savings that will support being off work. However, savings will only last for a certain time. With income protection, the policyholder can add a deferment period – which means that the benefit will not start until you have been off work for a certain period, as agreed in your policy terms. Deferment periods can be for as little as 1 week or up to 12 months. During the deferment period, there is a risk of losing all savings, so it is advisable to assess this before applying for income protection.
Who is Eligible?
Our services are tailored to fulfil various needs of self-employed individuals across the UK, including those with pre-existing medical conditions or hazardous occupations. Whether you’re a freelancer, a contractor, or an entrepreneur, we have solutions that fit your unique circumstances.
Our eligibility standards are intended to be inclusive, assuring you have access to the self-employed insurance income protection cover you need.
Why Choose Insurance Surgery?
Extensive Experience
Founded in 1999, The Insurance Surgery has over 25 years of outstanding customer service. Our longevity in the industry is a testimonial to our skill and passion for supporting individuals to obtain fair and affordable protection insurance.
Your Own Dedicated Adviser
We dedicate an adviser to each customer; you will always speak to the same person about your cover to ensure that you don’t have to repeat your situation to different advisers. From assessing your risks to determining the optimal cover, we work closely with you to ensure your insurance plan is tailored to your requirements.
Excellent Customer Service
Your satisfaction is our top priority. We go the extra mile to ensure that you receive comprehensive guidance and seamless support every step of the way, from the first consultation to the implementation of your insurance plan.
Experts for Medical Conditions & Hazardous occupations
Our extensive knowledge and experience in dealing with pre-existing medical conditions and hazardous occupations set us apart. We understand what’s involved and work diligently to ensure you receive the cover you need, regardless of your medical history or circumstance.
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What is the Estimated Cost of Life Insurance for Self Employed?
The cost of our self-employed income protection insurance varies based on several factors, including your age, health condition, desired cover amount, and the length of the term. We will provide quotes that accurately reflect your requirements during our conversation.
Rest assured, our transparent pricing approach ensures you understand precisely what you’re paying for and why. We provide clear and concise information, empowering you to make educated choices regarding your cover.
Price Match Promise.
As an award-winning specialist Insurance Broker for those with medical conditions or dangerous occupations, we will never be beaten on price. Our Price Match Promise means we will find you the right cover for your personal circumstances at the lowest possible price.
Frequently Asked Questions
We answer your most frequently asked questions.
Absolutely! At The Insurance Surgery, we specialise in providing life insurance solutions to individuals with pre-existing medical conditions or specialist requirements. Our expertise is in managing the complexities of these unique circumstances, ensuring high acceptance rates.
Income protection for self employed individuals is crucial as it provides a steady income stream should they face an unexpected illness or injury that prevents them from working. This financial safety net ensures you can maintain your living standard and support your loved ones during challenging times.
At The Insurance Surgery, we take pride in our expertise in supporting the self-employed community. Our awareness of the sector ensures we provide excellent customer service time and time again.
The application process at Insurance Surgery is designed to be quick and efficient. Our experienced advisers will guide you through each step, ensuring that all necessary information is collected. The period of completion can vary based on individual conditions. However, 80% of life cover applications are completed within the first call.
Absolutely! We understand that life circumstances can change, and your insurance needs may evolve. Our flexible insurance allows you to change your cover as needed, ensuring that you always have the protection you need when you need it.
Call for a Consultation.
At The Insurance Surgery, we believe every self-employed individual deserves access to comprehensive insurance cover that is tailored to their needs.
For more information call us today on 0800 083 2829 or click the button below to continue your application online.
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